China’s holdings of U.S. Treasuries rose to a record in May, even as net selling by private foreign investors in notes and bonds reached an all-time high. China stayed the biggest foreign owner of treasuries as its holdings increased by US$25.2 billion to US$1.316 trillion. Japan, the second-largest holder, cut its holdings to US$1.11 trillion. The net long-term portfolio investment outflow was US$27.2 billion after a revised decline of US$21.8 billion the prior month.